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i. Andhra Pradesh Chief Minister N.
Chandrababu Naidu has been nominated by the Central Government to head the
sub-committee of Chief Ministers of five States constituted to deal with the
situation arising out of Rs 500 and Rs 1,000 denomination notes.

ii. Union Finance Minister Arun Jaitley
requested Chandrabab Naidu to head the committee which would study various
aspects after demonetization and how it has affected different sections of the
people.

iii. Chief Ministers Sivaraj Singh Chauhan,
Nitish Kumar, Narayana Swamy and Manik Sirkar will be the other members

iv. The main aims is to stop the Opposition’s
attack on the Centre’s demonetization decision.

v. The Opposition organised ‘Jan Aakrosh
Diwas’ on November 28 to protest against the move.

1. INDIA
HOST THE GOLDEN JUBILEE CELEBRATIONS OF UNCITRAL IN NEW DELHI

i. UN organised the two day conference “Global Standards
for Rule-based Commerce” at Vigyan Bhavan in New Delhi to celebrate 50th
anniversary of United Nations Commission on International Trade uncitral Law

ii. The conference was inaugurated by President Pranab
Mukherjee then it is followed by five sessions

Session 1: Redefining Arbitrability: To Expand or Not To
Expand

Session 2: 50 Years of UNCITRAL: Experience from the
Asia-Pacific Region

Session 4: Call for Consistency: The Future of
Cross-Border Insolvency

Session 5: Innovation and Reform for Efficiency and
Legitimacy in Investment Arbitration

iii. The United Nations Commission on International Trade
Law was established by the United Nations General Assembly in 1966 to promote
the progressive harmonization and unification of international trade law”.

i. In a big
step towards fighting black money stashed overseas, Switzerland has agreed to
automatic sharing of information with India on Swiss bank accounts of Indians
as of September 2018.

ii. The
Joint Declaration was inked by Chairman of Central Board of Direct Taxes Sushil
Chandra and Deputy Chief of Mission of Swiss Embassy.

3. GOVT
ASKS NABARD TO DISBURSE RS 21,000 CRORE TO FARMERS

i. The
Government has allowed NABARD to disburse Rs 21,000 crore to cash-starved
farmers, helping them sow winter crops like wheat ahead of the sowing season.

ii. The
government’s demonetisation move, which has swept away 86% of currency in
circulation, has badly hit farmers leaving them without cash just ahead of the
sowing season.

4. INDIAN
JOURNALIST GETS INTERNATIONAL PRESS FREEDOM AWARD

i. Indian
Journalist Malini Subramaniam has been conferred with the International Press
Freedom Award for her reporting from Chhattisgarh's Naxal-infested Bastar area.

ii. She is
one of the four journalists felicitated for their commitment to a free press.

iii. She has
reported on abuses by security forces, sexual violence, jailing of minors and
other issues in the region.

5. RBI
DOUBLES THE E-WALLET LIMIT TO RS. 20,000

i. The
Reserve Bank of India declared to increase the limit of the Prepaid Payment
Instruments) from Rs. 10,000 to Rs. 20,000 per month and Rs. 50,000 for
Merchant Bank to facilitate digital transactions.

ii. The
decision was taken to ease the problem faced by the public with the
demonetization move of the Government.

iii. Consumers
can also transfer money to bank accounts up to Rs. 1,00,000 in a month by
giving full KYC details.

i. Prime
Minister of Portugul Antonio Costa will be the Chief Guest at the 14th Pravasi
Bharatiya Divas which will be held in Bengaluru from January 7 to 9, 2017.

ii. The vice
president of the Republic of Suriname, Michael Ashwin Satyandre Adhin, will be
the Special Guest at the Youth Pravasi Bharatiya Divas.

iii. Every
year on January 9 Pravasi Bharatiya Divas is celebrated to mark the
contribution of overseas Indian community in the development of India.

2.
DELHI’S KHAN MARKET, WORLD’S 28TH MOST EXPENSIVE RETAIL LOCATION

i. The New
Delhi’s Khan Market has the world’s 28th most expensive retail location
globally.

ii. List of
Top 5 Expensive Retail Market

a.New York Upper 5th Avenue

b.Hong Kong Causeway Bay

c.Paris Avenue des Champs Elysees

d.London New Bond Street

e.Tokyo Ginza

3. INDIA
RANKED 20TH ON CLIMATE CHANGE PERFORMANCE INDEX 2017

i. India has been ranked 20th on Climate
ChangePerformance Index 2017 according to Germanwatch and Climate Action
Network Europe Publication.

ii. Positive
trends are seen as well among emerging economies of G20 like India ranked on 20th
place.

iii. France
is on the lead topped among all other countries.

4. 2016
ECONOMIC LEADERS’ WEEK HELD IN LIMA, PERU

i. 2016
Asia-Pacific Economic Cooperation Economic Leaders’ Week came to an end on 20
November 2016 in Lima, Peru.

ii. The
theme of the meet was “Quality growth and human development.”

ii. The aim
of the Asia-Pacific Economic Cooperation summit is to bring the 21 member
countries of APEC together and discuss about economic growth, international
trade policies and improvement of life conditions.

5. PANKAJ
PATEL ELECTED AS FICCI PRESIDENT FOR 2017

i. Pankaj
Patel was elected as the President of Federation of Indian Chambers of Commerce
and Industry for the year 2017.

ii. He will
replace Harshavardhan Neotia completes his term in December 2016.

iii. Federation
of Indian Chambers of Commerce and Industry is the largest and oldest apex
business organization in India.

iv. Its main
business expand business opportunities both in domestic and foreign markets
through a range of specialized services and global linkages.